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    <title>Issuance</title>
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      <![CDATA[]]>
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    <link>https://www.insidemortgagefinance.com/rss</link>
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    <item>
      <title>Residential Mortgage Securitization Rate Steady in 2025</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Some 68.0% of mortgages originated in 2025 were sold into MBS. Securitization rates were stable across most products, except for expanded-credit mortgages, where the securitization rate increased sharply. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237025</guid>
      <pubDate>Thu, 26 Mar 2026 16:59:14 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237025-residential-mortgage-securitization-rate-steady-in-2025</link>
    </item>
    <item>
      <title>GSE Pilots MBS Sale With VantageScore</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[One of the GSEs has quietly issued an MBS comprised of loans underwritten using VantageScore 4.0.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237053</guid>
      <pubDate>Thu, 26 Mar 2026 16:58:18 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237053-vantagescore-ceo-confirms-mbs-rumor</link>
    </item>
    <item>
      <title>Mortgage Spreads Widen With Uncertainty Tied to Iran Conflict</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Since the U.S. initiated strikes on Iran, mortgage rates and MBS spreads have given up all the ground they gained from the Trump administration’s directive for the GSEs to purchase $200 billion in agency MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236922</guid>
      <pubDate>Thu, 12 Mar 2026 16:41:32 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236922-mortgage-market-reacts-to-war-with-iran</link>
    </item>
    <item>
      <title>Freddie’s New K-Deal Strategy to Boost Interest Income</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[The shift from senior subordinate securitizations to predominantly fully guaranteed securitizations is expected to increase revenues for Freddie’s multifamily business.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236705</guid>
      <pubDate>Thu, 19 Feb 2026 15:51:52 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236705-freddie-mac-launches-new-k-deal-strategy</link>
    </item>
    <item>
      <title>Grapevine: Fed Plans Capital Relief; Moody’s Eyes Second Liens</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Pending proposals from the Fed would impact MBS market; Moody’s looks to rate securitizations of home equity loans.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236713</guid>
      <pubDate>Thu, 19 Feb 2026 15:49:56 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236713-grapevine-fed-plans-mortgage-proposals-moodys-eyes-second-liens</link>
    </item>
    <item>
      <title>GSEs Shifting Practices With Cash Window</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Fannie Mae and Freddie Mac appear to be using aggressive pricing at the cash window to boost whole loan purchases, then retaining the most attractive coupons.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236665</guid>
      <pubDate>Thu, 12 Feb 2026 16:38:37 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236665-whats-happening-at-the-cash-window</link>
    </item>
    <item>
      <title>RMBS Issuance Ends Banner Year With Modest Decline</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Last year’s issuance of expanded-credit MBS and home-equity securitizations reached their highest levels since 2007. Total non-agency MBS production was up 40% from 2024. (Includes three data files.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236389</guid>
      <pubDate>Thu, 15 Jan 2026 16:20:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236389-rmbs-issuance-ends-banner-year-with-modest-decline</link>
    </item>
    <item>
      <title>Ackman Proposes New Type of Mortgage for the GSEs</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[A mortgage with a prepayment penalty might be as much as 65 basis points cheaper for borrowers, according to GSE shareholder Bill Ackman.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236393</guid>
      <pubDate>Thu, 15 Jan 2026 16:12:30 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236393-ackman-proposes-new-type-of-mortgage-for-the-gses</link>
    </item>
    <item>
      <title>Solid 4Q Carries 2025 MBS/ABS to $2 Trillion</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Residential MBS, commercial MBS and non-mortgage ABS all posted significant gains in annual issuance in 2025. The agency MBS market got a big boost in the fourth quarter from refinance activity.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236321</guid>
      <pubDate>Thu, 08 Jan 2026 17:50:13 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236321-solid-4q-carries-2025-mbs-abs-to-2-trillion</link>
    </item>
    <item>
      <title>GSE-Eligible Securitization Rate Climbs in Third Quarter</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The securitization rate for residential mortgages originated during the third quarter was near the same level seen in 2019. Meanwhile, the share of GSE-eligible mortgages that flowed into MBS increased.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236235</guid>
      <pubDate>Fri, 02 Jan 2026 10:07:20 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236235-gse-eligible-securitization-rate-climbs-in-third-quarter</link>
    </item>
    <item>
      <title>Freddie to End Exchange Offer That Enabled UMBS</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Freddie sets an end date for investors to exchange legacy securities for those created as part of the single security initiative.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236255</guid>
      <pubDate>Fri, 02 Jan 2026 10:01:34 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236255-last-stage-of-the-umbs-revolution</link>
    </item>
    <item>
      <title>Second-Level Agency MBS Issuance Rises in 3Q25</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Formation of GSE Supers securities returned to more normal levels, equaling roughly 56% of Freddie/Fannie uniform MBS production in the third quarter. Ginnie set the pace in agency REMIC issuance. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235889</guid>
      <pubDate>Thu, 20 Nov 2025 16:24:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235889-second-level-agency-mbs-issuance-rises-in-3q25</link>
    </item>
    <item>
      <title>PIMCO Pushes for More MBS Purchases by Fed</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[While the Fed is moving away from purchases of agency MBS, portfolio managers at PIMCO believe additional purchases are warranted. In the meantime, the GSEs are increasing their investments.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235805</guid>
      <pubDate>Thu, 06 Nov 2025 16:06:51 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235805-the-next-mbs-buyer-of-last-resort</link>
    </item>
    <item>
      <title>GSEs Throttle Green Bond Issuance</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Neither Fannie nor Freddie issued any green bonds in the third quarter, though social bond issuance has been relatively healthy.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235629</guid>
      <pubDate>Thu, 16 Oct 2025 17:32:20 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235629-gses-throttle-green-bond-issuance</link>
    </item>
    <item>
      <title>MBS/ABS Issuance Gains in 3Q25, Agency 1F Slowing</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Despite a September surge in rate-term refinance business, agency single-family MBS production fell even as non-agency MBS production was booming. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235514</guid>
      <pubDate>Thu, 02 Oct 2025 17:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235514-mbs-abs-issuance-gains-in-3q25-agency-1f-slowing</link>
    </item>
    <item>
      <title>Securitization Rate for Residential Mortgages Down in 2Q</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The securitization rate for residential mortgages came down after reaching an elevated level in the first quarter of 2025. The rate declined for both GSE-eligible mortgages and non-agency loans during the second quarter. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235422</guid>
      <pubDate>Thu, 25 Sep 2025 16:16:55 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235422-securitization-rate-for-residential-mortgages-down-in-2q</link>
    </item>
    <item>
      <title>Agency Single-Family MBS Issuance Rebounds in August</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Nonbank lenders continued to dominate the agency single-family market, accounting for 76.6% of new business in August. Nonbanks delivered more than 80% of agency refinance loans last month. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235237</guid>
      <pubDate>Thu, 04 Sep 2025 16:30:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235237-agency-single-family-mbs-issuance-rebounds-in-august</link>
    </item>
    <item>
      <title>RMBS Issuance Surges in 2Q25, CMBS &amp; ABS Down</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Agency single-family MBS issuance was up solidly in the second quarter, but it remains to be seen whether the market can match the pace set over the last six months of 2024. Commercial MBS and ABS issuance faltered in the second quarter. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234731</guid>
      <pubDate>Thu, 10 Jul 2025 16:45:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234731-rmbs-issuance-surges-in-2q25-cmbs-and-abs-down</link>
    </item>
    <item>
      <title>Securitization Rate Increasing for Residential Mortgages</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[A growing share of residential mortgages originated during the first quarter of 2025 flowed into MBS. Some of the shift looks to be tied to a decline in demand for mortgages at banks. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234640</guid>
      <pubDate>Thu, 26 Jun 2025 17:18:05 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234640-securitization-rate-increasing-for-residential-mortgages</link>
    </item>
    <item>
      <title>Ginnie Removes Buydown Cap on Custom Pools</title>
      <author>ewilley@imfpubs.com</author>
      <description>
        <![CDATA[Ginnie Mae eliminated the 10% concentration limit on buydown securitizations in custom single-family MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234534</guid>
      <pubDate>Thu, 12 Jun 2025 16:50:06 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234534-ginnie-cuts-the-bd-cap-on-custom-sf-pools</link>
    </item>
    <item>
      <title>Trump Promises Implicit Guarantee for GSE MBS</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[President Trump attempted to mollify concerns about the post-conservatorship guarantee of GSE MBS, but questions remain about the regulatory treatment of those securities and the TBA market.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234412</guid>
      <pubDate>Thu, 29 May 2025 16:08:59 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234412-market-responds-to-trump-gse-comments</link>
    </item>
    <item>
      <title>Second-Level MBS Issuance Slows in 1Q, CMOs Rise</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Fannie Supers issuance was up sharply in the first quarter as the Fed finished restructuring its Fannie portfolio. Ginnie led the increase in agency REMIC production. (Includes two data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234389</guid>
      <pubDate>Thu, 29 May 2025 16:07:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234389-second-level-mbs-issuance-slows-in-1q25-cmos-rise</link>
    </item>
    <item>
      <title>Insurance Companies Picking Up Some Slack in Agency MBS</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[The Fed is allowing its holdings of agency MBS to run off and many other big players in the MBS market appear to be close to tapped out.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234337</guid>
      <pubDate>Thu, 29 May 2025 16:05:05 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234337-goldman-sachs-who-replaces-the-fed-the-mbs-market</link>
    </item>
    <item>
      <title>Green and Social Bonds in the Trump Era</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[It’s not clear how the Federal Housing Finance Agency’s decision to cut the DEI and ESG programs at the GSEs will impact MBS issuance.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234278</guid>
      <pubDate>Thu, 15 May 2025 16:15:23 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234278-green-and-social-bonds-in-the-trump-era</link>
    </item>
    <item>
      <title>GSE Profits Remain Stable in a Weak Mortgage Market</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[First-quarter earnings reports suggest the reduced size of Fannie Mae’s guarantee book of business may be impacting its market share vis a vis Freddie Mac.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234163</guid>
      <pubDate>Thu, 01 May 2025 15:44:20 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234163-gse-profits-remain-stable-in-a-weak-mortgage-market</link>
    </item>
    <item>
      <title>Structured Finance Issuance Off to a Wobbly Start in 2025</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Issuance of new residential MBS, commercial MBS and ABS in early 2025 declined about 9% from the fourth quarter, although most sectors were up compared to a year ago. Monthly trends in March were mixed. (Includes three data tables.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233906</guid>
      <pubDate>Thu, 03 Apr 2025 17:05:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233906-structured-finance-issuance-off-to-a-wobbly-start-in-2025</link>
    </item>
    <item>
      <title>Chill Settles Over Structured Finance Market in Late 2024</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[New issuance was up in all the major food groups last year: residential MBS, commercial MBS and ABS. But overall quarterly volume slipped late in 2024.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233134</guid>
      <pubDate>Thu, 09 Jan 2025 15:45:55 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233134-chill-settles-over-structured-finance-market-in-late-2024</link>
    </item>
    <item>
      <title>Residential Mortgage Securitization Rate Increases in 3Q</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The securitization rate for residential mortgages hit an estimated 68.6% in the third quarter, as more conventional-conforming loans flowed into GSE MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233074</guid>
      <pubDate>Thu, 02 Jan 2025 14:55:49 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233074-residential-mortgage-securitization-rate-increases-in-3q</link>
    </item>
    <item>
      <title>Capital Rules a Factor in Fannie’s Market Share Decline</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Some experts think FHFA’s stability capital buffer has helped Freddie surpass Fannie in both loan purchases and securitizations.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233000</guid>
      <pubDate>Thu, 19 Dec 2024 17:06:41 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233000-are-capital-rules-shrinking-fannies-market-share</link>
    </item>
    <item>
      <title>Momentum Builds for End of GSE Conservatorships</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[More and more industry insiders believe the Trump administration will attempt to release Fannie and Freddie from conservatorship.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232860</guid>
      <pubDate>Thu, 05 Dec 2024 15:53:54 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232860-momentum-builds-for-end-of-conservatorships</link>
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